Business Report :
The 27th Annual General Meeting (AGM) of Infrastructure Development Company Limited (IDCOL) was held at a city hotel on Wednesday
Md Shahriar Kader Siddiky, Chairman of IDCOL and Secretary of the Economic Relations Division, presided over the meeting. During the FY 2023, the Company’s profit before tax and provision was Tk 553.13 crore. The AGM declared dividends for a total amount of Tk 100 crore from the profit made by the Company during FY 2023.
The dividends are as follows: Tk50 crore to be paid to the government as cash dividend. Tk50 crore will be used for increasing the company’s paid-up capital to Tk888 crore from the existing Tk838 crore by way of issuing bonus shares.
